$385,000
SOLD DEC 24, 2015
4 Beds
3 Baths
1,568 Sq Ft
3,609 Sq Ft Lot

Recently Sold

$246 Per Sq Ft

6% Below List Price

43 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Ocean Side of Freeway
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Living Room
  • Bungalow

About This Home

As of May 2022

Excellent investment property in downtown Long Beach. Rear unit is two bedrooms with two baths. Front unit is 2 bedrooms with 1 bath. Separate gas and electric meters for each unit. Laundry hookups in both units. Proximity to downtown, harbor and university provides plenty of prospective tenants. Low maintenance, low cost structure and well maintained!

Last Agent to Sell the Property

John Cirignani

Legacy 15 Real Estate Brokers License #01280684 Listed on: 09/24/2015

Last Buyer's Agent

Diane Cirignani

Vernazza Realty Inc License #01242684

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,648

Year Built

  • Built in 1922

Lot Details

  • 3,609 Sq Ft Lot
  • No Common Walls

Home Design

  • Bungalow
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,568 Sq Ft Home
  • Living Room
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Driveway

Outdoor Features

  • Ocean Side of Freeway
  • Exterior Lighting

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 14 / 2
  • Tax Tract Number 5763
  • Assessor Parcel Number 7274022026

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $400
  • Maintenance Expense $1,500
  • Water Sewer Expense $700
  • New Taxes Expense $4,000
  • Gross Income $2,500
  • Net Operating Income $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,648

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 700.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 7274022026
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Tile
  • Levels: One
  • Price Per Square Foot: 245.54
  • Room Type: All Bedrooms Down, Living Room, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Size Sq Ft: 3609.00
  • Price Per Lot Square Foot: 106.68
  • Lot Size Acres: 0.0830

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 2500.00
  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 400.00
  • Lot Size Area: 3609.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 23400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 6600.00
  • Rent Control: No
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Block: 2
  • Tax Lot: 14
  • Tax Tract Number: 5763

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Dec 3, 2021
Sold by
Sunshine Trust and The Sunshine Trust
Bought by
West J Peter R J and West Patricia K
Seller's Agent
Sanaz Sepidar
Compass
Buyer's Agent
ERIC WEST
Eric West & Assoicates Realty
List Price
$629,000
Sold Price
$600,000
Premium/Discount to List
-$29,000
-4.61%
Current Estimated Value
$874,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,784
Avg. Annual Appreciation
10.37%
Original Mortgage
$200,000
Interest Rate
2.29%
Mortgage Type
Construction

Purchase Details

Listed on
Sep 24, 2015
Closed on
Jan 2, 2016
Sold by
Kovaleva Katrina
Bought by
The Sunshine Trust
Seller's Agent
John Cirignani
Legacy 15 Real Estate Brokers
Buyer's Agent
Diane Cirignani
Vernazza Realty Inc
List Price
$409,900
Sold Price
$385,000
Premium/Discount to List
-$24,900
-6.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%
Original Mortgage
$288,750
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 24, 2015
Closed on
Dec 14, 2015
Sold by
Villagrana Israel and Villagrana Elizabeth
Bought by
Kovaleva Katrina
Seller's Agent
John Cirignani
Legacy 15 Real Estate Brokers
Buyer's Agent
Diane Cirignani
Vernazza Realty Inc
List Price
$409,900
Sold Price
$385,000
Premium/Discount to List
-$24,900
-6.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,750
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2011
Sold by
Devillagrana Elizabeth Huerta
Bought by
Villagrana Israel

Purchase Details

Closed on
Aug 12, 2011
Sold by
Vanderbilt Mortgage & Finance Inc
Bought by
Villagrana Israel

Purchase Details

Closed on
Apr 18, 2011
Sold by
Rodriguez Hector P
Bought by
Vanderbilt Mortgage & Finance Inc

Purchase Details

Closed on
Sep 1, 2006
Sold by
Cinco Jesus A
Bought by
Rodriguez Hector P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,600
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2004
Sold by
Jones Darrell
Bought by
Sanchez Cydney

Purchase Details

Closed on
Sep 3, 2003
Sold by
Cinco Jesus
Bought by
Cinco Jesus A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,800
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2002
Sold by
Pitkin Earl L and Pitkin Dorene L
Bought by
Cinco Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.5%

Purchase Details

Closed on
May 18, 2001
Sold by
Sargent Keanu
Bought by
Pitkin Earl L and Pitkin Dorene L

Purchase Details

Closed on
Feb 1, 2000
Sold by
Besley Thomas F and Besley Jacqueline L
Bought by
Sargent Keanu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.14%

Purchase Details

Closed on
Nov 10, 1998
Sold by
Spellens Trust Spellens Jacqueline L Tr Jacqu
Bought by
Besley Thomas F and Besley Jacqueline L
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $600,000 Priority Title
Quit Claim Deed -- None Available
Grant Deed $385,000 Lawyers Title
Interfamily Deed Transfer -- Lawyers Title Insurance Co
Interfamily Deed Transfer -- Fnt
Special Warranty Deed $189,000 Fidelity National Title Co
Trustee Deed $180,000 Orange Coast Title
Grant Deed $472,000 First American Title Co
Grant Deed -- Ticor Title Co Glendale
Interfamily Deed Transfer -- Ticor Title Company
Interfamily Deed Transfer -- --
Grant Deed $175,000 Commonwealth Land Title Co
Trustee Deed $144,534 American Title
Grant Deed $120,000 Stewart Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $200,000 Construction
Previous Owner $288,750 New Conventional
Previous Owner $377,600 Purchase Money Mortgage
Previous Owner $193,800 Purchase Money Mortgage
Previous Owner $140,000 No Value Available
Previous Owner $120,000 No Value Available
Closed $35,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Off Market $2,985 -- --
10/15/2024 10/15/24 For Rent $2,985 0.0% --
05/12/2022 05/12/22 Sold $780,000 +6.1% $497 / Sq Ft
04/07/2022 04/07/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $735,000 +22.5% $469 / Sq Ft
12/08/2021 12/08/21 Sold $600,000 -4.6% $383 / Sq Ft
11/11/2021 11/11/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $629,000 +63.4% $401 / Sq Ft
12/24/2015 12/24/15 Sold $385,000 -6.1% $246 / Sq Ft
11/06/2015 11/06/15 Pending -- -- --
09/24/2015 09/24/15 For Sale $409,900 -- $261 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,648 $838,354 $541,216 $297,138
2024 $10,648 $821,916 $530,604 $291,312
2023 $10,470 $805,800 $520,200 $285,600
2022 $7,566 $600,000 $420,000 $180,000
2021 $5,645 $439,601 $310,938 $128,663
2020 $5,630 $435,094 $307,750 $127,344
2019 $5,565 $426,564 $301,716 $124,848
2018 $5,378 $418,200 $295,800 $122,400
2016 $4,750 $385,000 $270,000 $115,000
2015 $2,517 $197,523 $135,863 $61,660
2014 $2,509 $193,655 $133,202 $60,453
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15211177

California Regional Multiple Listing Service (CRMLS)

APN: 7274-022-026